What an average Australian REALLY earns – with specialist doctors getting more than six times as much
- Australia’s average taxable income for all workers stood at $62,549 in 2018-19
- Surgeons and anaesthetists typically get paid six times as much as the average
- The tax office has released a detailed breakdown of earnings from two years ago
A worker on an average salary in Australia is paid just a sixth of what a specialist doctor gets.
The average taxable income, covering casual workers to full-time professionals, stands at $62,549.
The Australian Taxation Office has released a comprehensive breakdown of what workers earned in 2018-19.
Australia’s 4,150 surgeons had the highest pre-tax salaries of $394,303.
Anaesthetists were next with averages salaries of $386,065 with 3,412 of them putting in a tax return.
A worker on an average salary in Australia is paid just a sixth of what a specialist doctor gets. The average taxable income, covering casual workers to full-time professionals, stands at $62,549. Pictured is a Sydney barista
Medicine specialists were third on the list with mean taxable incomes of $304,752.
Finance dealers had average pay of $275,984 ahead of psychiatrists ($235,558), medical practitioners ($222,933), legal professionals ($188,798), mining engineers ($184,507), chief executives ($164,896) and engineering managers ($159,940).
Australian full-time workers had an average salary of $89,000 at the end of last year, putting them well above the average taxable income declared by all workers.
But the typical worker putting in at least 38 hours a week only earns a quarter of the richest professionals, who are more likely to be have a degree in medicine.
While the rich have been getting richer, or at least staying rich, Australians wages have been stuck below the long-term average of three per cent since mid-2013.
Nonetheless, bosses are in a better position to offer pay rises to their most talented staff with the National Australia Bank’s business conditions index for May hitting a record high.
The Australian Taxation Office has released a comprehensive breakdown of what workers earned in 2018-19. Australia’s 4,150 surgeons had the highest pre-tax salaries of $394,303. Anaesthetists were next with averages salaries of $386,065 with 3,412 of them putting in a tax return
Trading, profitability, forward orders and employment were at the best levels since the monthly NAB series began in March 1997.
Job vacancies are at levels unseen since late 2008, during the early stages of the Global Financial Crisis.
The ANZ job advertisements series showed a 7.9 per cent rise in May to 213,894 available positions.
Ads have increase for 12 straight months and are more than triple the 66,887 level of a year earlier.
The number of available positions is also 38.9 per cent higher than the 153,976 level of February 2020 before the World Health Organisation declared a pandemic.
Medicine specialists were third on the list with mean taxable incomes of $304,752. Finance dealers had average pay of $275,984 ahead of psychiatrists on $235,558
The Australian Taxation Office has released a comprehensive breakdown of what workers earned in 2018-19